Long Term Disability Insurance

Good intentions can't prevent a disability. That's why PEFMBP sponsors Long Term Disability Insurance through The Hartford.1 Help protect your family against financial losses. Take action and enroll, because promises alone aren't enough.

LTD Benefits

Most of us think nothing of insuring our cars, homes and other valuables. But many of us overlook protecting our most valuable asset... the one that makes all the others possible... our income.

Of course, life insurance takes care of future income loss in the event of death. But what happens when you lose your earning power while you're still alive? How would you manage without an income for months, or even years? It's easy to say, "It won't happen to me." But before you do, consider this:

1. More than 3 out of 7 workers will have a Long Term disability before age 65. (Transactions, Society of Actuaries, 1987 Reports)

2. The chances of suffering a Long Term disability before retirement are more than twice that of dying. (Transactions, Society of Actuaries, 1987 Reports, and Internal Revenue Code, Section 79, Regulations, Table 1)

Current Sources of Disability Income

Right now, you have some disability protection through your accumulated sick days. But an accident or illness could keep you from working for years, or possibly your entire working life.

What About Social Security and Our Benefits Pension Plan?

Before you feel too secure about those sources of income, take note of these facts:

1. For the average PEF member,Social Security replaces only 30%-42% of income; higher salaried workers may get less than 25%. (1991 Guide to Social Security)

2. To qualify for an early pension, you need at least 10 year's service. And even if you do qualify, it takes many service years to generate a decent benefit.

3. Both plans have very strict definitions of what constitutes total disability, and require much red tape before benefits are finally paid out.

The real question is: Can you afford the wait and the uncertainty of these options?

If you're like most people, probably not. That's why the PEF Membership Benefits Program has arranged for a Long Term Disability Insurance Plan from Hartford Life, a leader in group disability benefits. It's the best way we know for protecting the asset you value most — your ability to earn an income.

Important Advantages:

1. Premiums paid through convenient payroll deduction.

2. No premiums due while receiving benefits.

3. Prompt claim service from a leader in the business.

4. Rates that are often one-third to one-fifth the cost of a comparable individual plan.

For more information, including the definition of disability, plan costs and FAQs, download the LTD Insurance Brochure.

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